Former Fed President: "All My Very Rich Friends Are Hoarding Cash"

Fisher’s most telling comment came during the Q&A session when he was asked how his personal portfolio was positioned. Fisher’s response: “In the fetal position.” Moreover, he also said that “all my very rich friends are hoarding cash.”

MUST WATCH! Global Financial Meltdown Assured, Central Banks Desperate. By Gregory Mannarino

from Gregory Mannarino:

Paul Craig Roberts: "Fellow Americans, Wake Up & Escape The Matrix"

Fellow Americans, if you care to avoid vaporization and, assuming we do avoid it, live a life other than serfdom, you must wake up and realize that your most deadly enemy is Washington, not the hoax of “Russian aggression,” not the hoax of “Muslim terrorism,” not the hoax of “domestic extremism,” not the hoax of welfare bankrupting America, not the hoax of democracy voting away your wealth, which Wall Street and the corporations have already stolen and stuck in their pockets. If you cannot wake up and escape The Matrix, your doom will bring the doom of the planet.

Despite "The Biggest F##king Bailout Ever" This Analyst Says S&P Will Drop 80%

"I can't tell you how long it's going to take but I'm anticipating an 80% drop or 70% drop, something in that neighborhood. Tobin's Q got down to 0.54 in 2009...The reason it didn't go lower is because we had the biggest fucking bailout ever orchestrated in the history of the banking system..."

"It's Time To Panic" - Albert Edwards Warns Recession Is Imminent

“Everyone has a plan until they are punched in the face.” This famous Mike Tyson quote spells out the outlook for investors in the years ahead according to SocGen's Albert Edwards, who warns that investors will not only be punched in the face, they will also get knocked to the floor and kicked repeatedly in the ribs.

The Pension Bubble: How The Defaults Will Occur

Millions of Americans and Canadians who are counting on pension benefits to fund their retirements risk being severely disappointed. Ironically, as experts worry about stock, bond and real estate market excesses; the biggest challenge facing government bureaucrats and private fund administrators has nothing to do with paying back pensioners. They have known for some time that would not be possible. Their key challenge, will be to ensure that shortfalls occur on someone else’s watch.

Must See: How Google Manipulates Search Results In Favor Of Hillary Clinton

"Google has amassed far more power to control elections - indeed, to control a wide variety of opinions and beliefs - than any company in history has ever had. Google’s search algorithm can easily shift the voting preferences of undecided voters by 20 percent or more - up to 80 percent in some demographic groups - with virtually no one knowing they are being manipulated..."

Why Trump Must Not Apologize

Assume, as we must, that Trump believes what he said. Why, then, should he apologize for speaking the truth, as he sees it? To do so would be to submit to extortion, to recant, to confess to a sin he does not believe he committed. It would be to capitulate to pressure, to tell a lie to stop the beating, to grovel before the Inquisition of Political Correctness.

Generation Snowflake: Safe Spaces, Trigger Warnings And The Wussification Of Our Young People

Have we raised an entire generation that has been so coddled and that is so spineless that it is completely incapable of dealing with the harsh realities of the modern world?

Mike Rowe Gives Advice To Students: "Never Follow Your Passion"

The dirty truth from the dirty jobs guy - "You've all been given some terrible advice, and that advice is this: follow your passion."

Does Bilderberg Really Run The World? One Chart To Help You Decide

To help readers decide if the Bilderberg elite really "rules the world", here is a chart laying out the linkages and various connections - financial, political, statutory and otherwise - between the handful of people who comprise the Bilderberg core and the rest of the world.

This Employment Trend Is Not Your Friend

Based on the historical correlation and the sharp growth in C&I loan delinquencies recently, it is conceivable employment drops abruptly over the next 6 months.

Stunning Emails Reveal How Clinton Foundation Donor Bought Seat As Hillary's Nuclear Weapons Advisor

A new trove of State Department emails reveal how a major Clinton Foundation donor - and HFT trader - was placed on a sensitive government intelligence advisory board even though he had no experience in the field. The emails further reveal how, after inquiries from ABC News, the Clinton staff sought to “protect the name” of the Secretary, “stall” the ABC News reporter and ultimately accept the resignation of the donor just two days later.

Government Failure: Audit Finds FDA's Inadequate Policies Are Leaving The Nation At Risk

If it is ever discovered that tainted food has been released to the public for consumption, it is the Food and Drug Administration's (FDA) responsibility to ensure a recall of the product takes place. In a very disturbing audit finding Wednesday, the Department of Health and Human Services' Office of Inspector General has determined that due to inadequate policies and procedures, the FDA is too slow in ordering companies to recall tainted foods.

A Donald Trump Voter Went To See Him Speak. Protesters Broke His Nose.

"...And suddenly, there were protesters everywhere. Some were holding Mexican flags, or burning American ones. They were yelling “F— Trump!” at us and cornering us. Some of them started grabbing Trump supporters — they were going up and slugging people, sucker-punching people, just picking random people out...About a block from the garage entrance, we turned down the street and found a line of protesters standing in our way... Before we could make it into the garage, four or five men surrounded me, and another four surrounded my friend. They just started swinging."

Sterling Volatility Explodes To Record High As Brexit Looms

With two polls being unleashed on the markets today indicating the largest lead for Brexit over Bremain yet with regard the UK referendum, it seems FX traders at least have begun to wake up to the short-term uncertainties a "leave" vote may entail. A short-term measure of expected price swings for the pound climbed for a third week as traders sought protection as two-week implied volatility, a period that covers the June 23 voting date, closed at its highest on record today.

Bailout Legislation For Puerto Rico Has Officially Been Passed By The House

Can kicked... "This bill prevents a bailout. That's the entire point. If we do not pass this bill, there will be no other choice."

Friday Humor: FBI Ends Muslim-American Surveillance After 15-Year Study Of "Beautiful Culture"

“Thanks to advances in video surveillance, we’ve been able to look inside Muslims’ homes and view some breathtaking calligraphy prints and handwoven tapestries.” Saying they thoroughly enjoyed studying “such a lovely people and such a lovely faith,” Comey explained that agents would often remove a Muslim citizen from their community and keep them detained for days, weeks, or even months on end to learn everything they could from them about Islam.

YOUR FUTURE...

Caught On Tape: Starving Venezuelans Storm A Truck To Steal Chickens

Baby Bust: US Fertility Rate Unexpectedly Drops To Lowest On Record

Economists figured the recovery would bring about increased confidence and a rise in the birth rate. Instead, the rate dropped into a tie with the lowest birth rate on record. This is yet another surprise for economists to ponder. Time for Janet to start printing babies?

"We Do Not Have An Explanation" - Home Improvement, Luxury Spending Unexpectedly Plunges

What was most disturbing in BofA's latest debit and credit card spending report is what happened with spending in  home improvement stores: spending which traditionally is directly correlated to new home purchases and construction. It crashed, leaving even Bank of America speechless: "We do not have an explanation for this divergence"

Back To Square One: Obama Approves Greater Military Role In Afghanistan

Remember when president Obama told the nation that there would be no US troops in Afghanistan after 2014, and everyone got super excited? Those were good times.

Economic Confidence Tumbles To 2 Year Lows As Democrats Lose Faith

Americans' confidence in the U.S. economy averaged -14 in May according to Gallup, equaling the lowest in two years and considerably lower than the -7 print a year ago as the outlook plunges with 59% of Americans saying the economy "is getting worse." While Democrats are still the only party group to have net positive views of the economy, the latest score was their lowest since at least Jan 2014.

UN Admits Extortion Behind Removal Of Saudi Arabia From Child-Killer Blacklist

No indications for what - if anything - will result from the secretary general’s acknowledgement that extortion played a key factor in the highly contentious removal of the Saudi-led, U.S.-backed coalition from the blacklist. Considering the enormity of the announcement and the heft of the financial weapon wielded, that question is imperative going forward.

Sanders Sojourns to White House, Vows to Support Clinton in Fight Against Trump

by Kurt Nimmo, Infowars:
On Thursday, Bernie Sanders kissed the ring during a visit to the Oval Office and vowed to team up with Hillary Clinton and fight Donald Trump.
“I look forward to meeting with (Clinton) in the near future to see how we can work together to defeat Donald Trump and to create a government which represents all of us and not just the 1%,” Sanders said after a meeting with Obama.
In an effort to stage manage his defeat, Sanders held out the pretense of continuing his campaign and overseeing a “full counting” in California where he was robbed of an undetermined number of votes.
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Ryan Under GOP Fire for Trump Remarks

by Alexander Bolton and Scott Wong, The Hill:
Speaker Paul Ryan’s handling of Donald Trump is coming under criticism from Senate Republicans, many of whom prefer the way their leader, Mitch McConnell, deals with the unconventional candidate.
McConnell, the Senate majority leader from Kentucky, has steadfastly declined to call Trump’s criticism of a federal judge “racist,” a term that Ryan (R-Wis.) pointedly deployed.
“It sets up journalists to ask, ‘Do you agree with Paul Ryan that it was racist?” said an aide to a vulnerable GOP senator
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U.S. Official Claims Russia Could Defeat NATO forces

from TRU News:
A U.S. defense official has warned that Russia could defeat NATO forces in just 60 hours.
Michael Carpenter, the U.S. Deputy assistant secretary of defense for Russia, Ukraine and Eurasia has told a Senate Foreign Relations Committee that NATO was not prepared, and could not adequately defend members Estonia, Latvia and Lithuania, as reported by News.com.au.
But he said the U.S. would be in better shape by 2017.
This comes as former Soviet territories vie for membership in NATO – Georgia and Ukraine.
In the next few weeks, NATO will hold a summit in Warsaw where they will discuss the membership of the two countries. Recently, the alliance held an exercise in Poland, claiming they were concerned about Moscow, according to The Telegraph.
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Continuity Preppers: FEMA, DHS In “Secret Orgy of Preparedness” at Secret Underground Mountain Bunker

by Mac Slavo, SHTF Plan:
While a growing community of individuals is set out to prepare for a collapse of society, and become known sometimes dismissively as “preppers,” the real preppers are in the highest levels of government, and they are ready to evacuate and continue the government even in the event of an all-out breakdown of society.
Not only is this secret continuity of government activity happening but it is accelerating rapidly. “They” are absolutely getting ready for something on a grand scale, and have invested billions of dollars allotted in secret to agencies for national security to create a hidden infrastructure for survival and subtlety.
The elite are increasingly investing in prepping contingencies – at both a personal and institutional level.
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State Department Delays More Clinton Related Records Requests Until After the Election

by Michael Krieger, Liberty Blitzkrieg:
Obstruction anyone?
Recall that a couple of days ago in the post, Obama Administration Delays Release of Hillary Clinton TPP Emails Until After the Election, we learned:
Trade is a hot issue in the 2016 U.S. presidential campaign. But correspondence from Hillary Clinton and her top State Department aides about a controversial 12-nation trade deal will not be available for public review — at least not until after the election. The Obama administration abruptly blocked the release of Clinton’s State Department correspondence about the so-called Trans-Pacific Partnership (TPP), after first saying it expected to produce the emails this spring.
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Unintended Consequences, Part 3: “How Do I Get Away From Negative Yields?”

by John Rubino, Dollar Collapse:
The theory was pretty straightforward: push interest rates down far enough — in some cases to negative territory where borrowers actually turn a profit on their debts — and people will borrow money, spend it, and growth will ensue, with all that that implies for incumbent party election victories, banker year-end bonuses and other extremely important public policy goals.
But the theory’s designers apparently missed some crucial concepts — like the fact that people would be free to interpret their self-interest in ways that conflict with the needs of government and Wall Street.
Let’s start with the recent negative rate milestone:
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Bilderberg 2016: What Are The Global Elite Plotting This Time Around?

by Michael Snyder, End Of The American Dream:
Later this week, dozens of the most important men in the world are going to gather at an ultra-luxury hotel in Dresden, Germany to discuss the future of the planet. What will happen at this meeting will not be televised, and the mainstream media in the United States will almost entirely ignore it, but decisions will be made at this conference that will affect the lives of every man, woman and child on the entire globe. Of course I am talking about the Bilderberg Group, and for decades you were labeled a “conspiracy theorist” if you even acknowledged that it existed.
Every year since 1954 the elite of the world have gathered at this time of the year to “discuss global events”, and since the Bilderberg Group operates under Chatham House Rules, everyone that participates is banned from revealing what goes on during the conference.
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